Compute Cost of Goods Sold under each method of inventory: average cost, FIFO, LIFO, and specific identification. For specific identification, assume that the first sale was selected from the beginning inventory and the second sale was selected from the January 12 purchase. (Round unit price to 2 decimal places. Input all amounts as positive values.)

P7-3 Evaluating Four Alternative Inventory Methods Based on income and Cash Flow LO 7-2, 7-3 [The following information applies to the questions displayed below.] At the end of January 2014. the records of Donner Company showed the following for a particular item that sold at $16 per unit: Compute Cost of Goods Sold under each method of inventory: average cost, FIFO, LIFO, and specific identification. For specific identification, assume that the first sale was selected from the beginning inventory and the second sale was selected from the January 12 purchase. (Round unit price to 2 decimal places. Input all amounts as positive values.)